-
Director, how do I pay myself?
I have set up a little business - a private limited company of which I am the sole director which - currently and probably for at least the next year or so - is destined to pay me £500 a month. That is all I intend to take out. It will be my only employment income. I assumed this would involve PAYE but when I looked at…
-
Community Interest Company
My friend applied and has been offered a job managing a local charity shop She was not expecting a huge salary but has been offered £60 per week. Monday to saturday 8-6. She had expected a low wage - but above minimum wage. is this even legal? On looking into the shop she found it is not a registered charity but has been…
-
2 business bank accounts
Hi All For a ltd company, I'm guessing you can have 2 business accounts? We are currently with Metro and have gone over their permitted 50 transactions a month. I've heard great things about Starling so looking to open that one and start shifting transactions over. Are there any issues with accountancy etc? Thanks.
-
Selling my small business
Hi All I’m a sole trader, and I run a children’s party hire business. It makes a good profit, but as I’ve recently returned to work full time I am unable to give the business the level of commitment it deserves. I’d like to sell for around £3,000. I’ve listed it on gumtree and Facebook marketplace, and I’ve also signed up…
-
Accepting paypoint cash payments
Any advice on the easiest/cheapest way to accept paypoint cash payments, ideally linked to an invoice-generating package, but a generic barcode to pay in would do. Thanks!
-
Advice on selling our business
We have a relatively successful and well-regarded car body repair garage but, as my husband is re-training to go into IT, we are looking to sell the business if that's possible. The issue is that the industrial unit is not under a formal commercial lease, only a rolling monthly contract. The estate is family-owned, for…
-
Accounting for Sole Trader
Hi, I was just wondering if anyone can recommend an accounting website/software that is good for someone who is a self-employed sole trader? I want to be able to add income/expenditure manually rather than connecting to an account as I just use a current account rather than a business account. I'd like to be able to add…
-
Account setups
Hi There I was looking for some advice, I am taking over a business for the first time were by I need to set up a bank account (with Overdraft) , Landlord Agreements and couriers all require a credit check as confirmed by my contacts in each sector, now I know the Bank account will definitely give a hard search as they are…
-
Taking online payments
I am looking for a payment provider where I can have customers pay for a service through my website. Initially there won't be many transactions just a few per week I expect. I have seen on other sites those such as sage pay , PayPal and world pay. Just wondered if anyone with the research already done could recommend one…
-
Do I have to sign up for a website being using for a platform to host services ... TBC
I wanted to do baby sitting, house sitting and pet sitting as well as offer house help and My sister then wanted to advertise her service for pet sitting and house sitting. so I created a website to advertise these services and called our selves "Cuddle Crew". We haven't registered ourselves with the government as a…
-
How to set up a baby sitting service / part time job?
I would like to "nanny"/"baby sitter" at the weekends as a part time job/ side hustle. I don't do much with my weekends and I'd like to earn more money for saving towards my driving lessons and buying a house with my husband. I'm lucky enough to work in a childcare nursery during the week full time and have these…
-
Mobile phone contract through limited company
I'm a complete numpty. I know I am. For some unknown reason I took a cold call form a mobile company last night. They offered a very good deal, changing my numbers over to my company, which I took. Normally I wouldn't dream of doing anything without prior research, I can only put it down to the cold meds I'd taken, which…
-
Tax man and receipts
I'm just about to ove house and I'm looking at all the receipts I have kept in case the tax man visits. I think you have to keep them for 5/6 years. They take up a lot of room and are a pain to keep and it's annoying when I have bank statements with all my incoming and outgoings, purchases, etc. listed. And as i sell on…
-
British Gas Business - contract and backdate issues. Any advice?
Hi all! My business moved into a premises on 1st January 2019, and have had an ongoing issue with British Gas, which has taken over ten months to solve. The problem was on their end, in that the meters were showing as de-energised and/or not linked to the correct property. The solution they have now offered is totally…
-
Clydesdale or Yorkshire Bank
Looking for some advice (for business bank account for a start up) Does anyone have any experience of using Clydesdale or Yorkshire company? How easy is it to deal with them? What is your overall experience, given that they do have many branches (my nearest are 76 miles distance)? Do you recommend any of them? If no, what…
-
Can I have Direct debit with HMRC
I am now getting tired with HMRC requesting all different amounts at the different frequency periods. Some time they want PAYE tax paid monthly, then don't want it for a good few months. Then they would come up with a figure which has to be paid within very short period (I am still to figure out how long is that period). I…
-
Set an LLC to save on liability insurance as sole trader?
Hi all, What started as a side business has now become a bit more than just a side business. I make roughly £1k of revenue every month from managing a few properties for some friends, I get the gas safety certificate and do things by the book. I recently took on a construction contract for £3k and supervise a builder that…
-
Accounting Software? - Construction CIS? VAT?
What's the latest recommendations for accounting software? Small Ltd surveying and maintenance Project management company ie. Myself I used quickbooks in my last company or rather they did but as a start up I want something cheap to produce quotes and basic invoicing with VAT There will be no direct employees just labour…
-
Separate bank account
I opened a bank account for my child’s football team- opened as a community account and solely used to hold fundraising money (from bag packs etc). The account is in the name of my child’s football team. We’ve had this a couple of years now with no problems. Just been told by the football club that this is no longer…
-
To be Sole Trader
Hello All, Newbie here, apologies in advance if I don't follow the rules. I want to sell products on ebay and Amazon. I am still thinking what products to sell. As per my research, I need to have sole trader account. My question is: I am not 100% sure if I am indeed going to sell but I would like to ask if for now I set up…